Dollar tumbles, bonds win as Trump trade fizzles

Dollar tumbles, bonds win as Trump trade fizzles
12-Jan-2017 03:48 YAHOO

By Marc Jones LONDON (Reuters) - The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus. Trump did not mention possible tariffs against Chinese exports, however - a relief for Asian share markets that have feared the outbreak of a global trade war. "The risk was always that a president like Trump would end up upsetting that consensus (of faster U.S. growth, stronger dollar) view by introducing more political uncertainty," said asset manager GAM's head of multi-asset portfolios Larry Hatheway.